I know they heat their homes with the geothermally warmed water, but their electricity rates don't seem to be significantly different than most places.
"Iceland, March 2022: The price of electricity is 0.139 U.S. Dollar per kWh for households."
"Iceland, March 2022: The price of electricity is 0.139 U.S. Dollar per kWh for households."
Iceland's electricity usage per capita is 4x that of the United States, and more than 2x the next highest country (Norway). They're the largest producer per capita as well. The population is not large, mind you, but it's noteworthy.
https://en.wikipedia.org/wiki/List_of_countries_by_electrici...
The rate for businesses is 0.066per kWh vs 0.128 in the US.
All of which is obfuscated by taxes and subsidies of course. https://www.globalpetrolprices.com/Iceland/electricity_price...
Technically it may be cheaper in some small petrol states but that feels misleading.
Mind you I'm just regurgitating a quick google's worth + tourism fun facts.
Come again? If the parent post about about $0.139/kWh for households is correct, I can assure you there are many places in the US cheaper than that.
[1] https://www.bls.gov/regions/midwest/data/AverageEnergyPrices...